Tech Musings - Indian Stocks 2

Three more stocks from Indian markets are looking very good.

SCRIP	CMP
Arvind Mills	144.5
Monsanto	1201.75
GE Shipping	294

 

Tech Musings: Indian Stocks

I was scanning Indian markets, I liked few stocks which seems will give 25% to 50% returns in next 12 – 18 months.

SCRIP	CMP
Motherson Sumi	224
Cairn India	322
Gail India	360
Aban Offshore	507
Balkrishna Industry	394
Info Edge	545

Tech Musing - Precious metals

Gold and silver has both given a breakout as expected in my post on 2^nd Jan 2014. I wrote, “If we look at the first chart of gold It seems that gold will bounce from here. Traders can keep a stop loss of 1180 and go long on gold. Similarly traders can keep a stop loss of 19 and go long on silver at cmp of 20.10.” 

In the same post I also wrote that, “Although it is too early to take a buy call on them, I think that both metals are poised to move up sharply.”

If you have observed the way prices have moved over last two months, you will realize that my apprehensions about being too early in the call proved completely correct. The price of gold and silver both moved up and crashed to retest the previous lows. Gold fell from 1280 to 1240 and silver fell from 20.50 to low of 19.0175. Since then there has been a constant up move in prices of both gold and silver.

I expect gold and silver both to move up from these levels. The target for gold should be around 1425 – 1500 and for silver around 24 – 25 USD an ounce.